by Nicholas Upton | Jan 6, 2022 | Best Practices, News
How a smart idea gets initial traction is one of the most important moments in any business. It’s a confusing, inventive, fascinating period, and one Andrew Chen spends a lot of time thinking about. Chen is a partner at the exceptionally busy and successful...
by Arthur Robert | Jan 6, 2022 | News
Popular social media company TikTok found a new way to monetize viral content on its platform: virtual restaurants. The company is partnering with Virtual Dining Concepts to launch 300 “TikTok Kitchen” by March 2022, with plans to open 1,000 locations by the end of...
by Tom Kaiser | Jan 6, 2022 | News, Research, Third-Party Delivery
Restaurant meal delivery in the U.S. hit a key milestone before the holidays, as 50 percent of American consumers have now ordered from one of the major meal delivery services, up from 44 percent a year ago, according to the latest figures from Bloomberg Second...
by Tom Kaiser | Jan 6, 2022 | Briefs, News, Top Stories
Reef is kicking 2022 off with a bang, announcing a joint venture with Americana Group, the largest food and beverage operator in the Middle East. Together, the two companies will open new ghost kitchen facilities in the Middle East and North Africa regions that...
by Tom Kaiser | Jan 6, 2022 | Briefs, News
White Rhino, a Beijing-based autonomous delivery vehicle manufacturer, has raised nearly $8 million through a recent Series A funding round. It’s the company’s second million-dollar funding round in the last six months. Like Nuro, which is now valued at $8.6 billion,...
by Tom Kaiser | Jan 6, 2022 | Briefs, News
General Motors was one of many automakers using this year’s Consumer Electronics Show to debut new electric vehicles. On the delivery side, GM’s BrightDrop last-mile delivery division showed off its fleet of electric delivery vans, and announced huge reservations from...